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Imperial Brands ( (GB:IMB) ) just unveiled an update.
Imperial Brands PLC announced the repurchase of 59,387 ordinary shares as part of its GBP 1.25 billion share repurchase programme, initially revealed in October 2024. The shares, purchased at an average price of GBp 2,605.00, will be cancelled, reducing the total number of shares in issue to 836,705,420. This move is intended to enhance shareholder value and streamline the company’s capital structure, indicating a strategic effort to optimize financial performance and reinforce its market position.
More about Imperial Brands
Imperial Brands PLC operates in the tobacco industry, focusing on the manufacture and sale of cigarettes, tobacco, and related products. The company is a key player in the global tobacco market, with a focus on expanding its presence and maintaining a competitive edge in the industry.
YTD Price Performance: 1.29%
Average Trading Volume: 2,192,355
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.6B
For a thorough assessment of IMB stock, go to TipRanks’ Stock Analysis page.
